2975 Colorado AveNorth BendOR97459
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in North Bend at 2975 Colorado Ave, North Bend, OR, 97459 offers a 8.53% rental yield on a $297,000 purchase with $2,112/mo rent. Total monthly income registers $2,112/mo, and a $1,454/mo payment leaves $319/mo available for distribution. Annual cash flow reaches $3,827/yr on $98,456 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 123.49% and total cumulative return in cash at $121,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,112/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Stephanie Patrick • RE/MAX South Coast
Mls Name: RMLS (OR)
Mls ID: #329892379